Apollo Acquires Bridge Investment Group
Apollo and Bridge Investment Group Holdings have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion. Bridge has $50 billion of AUM in complementary sectors aligned with Apollo’s long-term growth strategy. Bridge’s seniors housing portfolio totals 62 communities and 6% of its fee-earning AUM comes from seniors housing, while Apollo’s “retirement services unit” reported earnings of $841 million. At closing, Bridge stockholders and Bridge OpCo unitholders will receive .07081 shares of Apollo stock for each share of Bridge Class-A common stock and each Bridge OpCo Class-A common unit,... Read More »
Brightview Divests to Joint Venture in Maryland
Solera Senior Living, through a joint venture with Focus Healthcare Partners, acquired a seniors housing community in Bethesda, Maryland, from Brightview Senior Living. Built in 2019, Brightview Bethesda Woodmont comprises 92 assisted living and 21 memory care units. Occupancy was around 86% at closing, and Solera will take over operations. It will be rebranded as Modena Reserve at Bethesda. Newmark handled this transaction and arranged five-year acquisition financing, with a three-year interest-only period, from a national bank. Read More »
Six Active Adult Communities Secure Freddie Mac Financing
Walker & Dunlop secured a $200 million Freddie Mac financing for six active adult communities. The communities comprise more than 1,100 units in Texas, Oklahoma, North Carolina, South Carolina and Washington D.C. Average occupancy across the communities was 95% at the time of the financing. The fixed-rate, full-term interest-only loan is sized to a 35 year amortization. Read More »
Focus Healthcare Partners Acquires in Minnesota
Focus Healthcare Partners acquired a seniors housing community that comprises 288 units in Maple Grove, Minnesota. Located 12 miles northwest of downtown Minneapolis, the community, SilverCreek on Main, was built in three phases between 2015 and 2024 by Ryan Companies. The original independent living, assisted living and memory care community features a single four-story building with 195 units (106 IL, 49 AL and 40 MC). A 75-unit independent living expansion was built in 2020, and an 18-cottage addition opened in 2024. The property was 93% occupied at the time of sale. SilverCrest Properties will operate the community, establishing a new partnership between the buyer and the... Read More »
Harborside CCRC Sale Approved
Focus Healthcare Partners’ purchase of a struggling CCRC on Long Island has gone through the ringer, but Chief Judge Alan S. Trust of the US Bankruptcy Court for the Eastern District of New York just approved the sale under modified terms, which should close within the next two months. The property attracted some attention in late 2024 when New York State torpedoed the sale of the long-struggling CCRC in Port Washington, New York, to LCS, citing “a lack of required financial transparency” among other objections. The Harborside, formerly Amsterdam of Harborside, opened in 2010 as a 329-unit, not-for-profit community and filed for bankruptcy in 2014 and again in 2021. It was roughly half... Read More »
Imagine Senior Living Acquires in Texas
An owner/operator of independent living, assisted living and memory care communities acquired a seniors housing community in Amarillo, Texas. Built in 2000, The Reserve at Amarillo features assisted living and memory care units. The buyer, Imagine Senior Living, has an established footprint with communities in Texas, Idaho, Oregon, Washington, Oklahoma, California, Illinois, Indiana, Florida, Michigan and Arizona. Imagine Senior Living will rebrand the community as The Gardens of Amarillo Memory Care. The purchase price was not disclosed. Read More »
Brookdale Senior Living: Slow and Steady
Brookdale Senior Living released its fourth quarter and full-year earnings results this week, and all we can say is that the improvements, while welcomed, are slow and steady. Management has had a lot on its plate the past 18 months or so in a post-pandemic environment, but things like occupancy are moving up, but not as fast as for others. The problem as we have seen and vocalized for several years, is that it takes a long time to move a battleship in a new direction. And as the largest senior living provider in the country, it was a very large battleship to move. Management has successfully put in motion most of the necessary changes for the future, but now comes the execution part, and... Read More »
Three Communities Trade Hands in Pacific Northwest
Blake Bozett and Spud Batt of The Zett Group shot out of the gates in 2025, closing three separate transactions in the Pacific Northwest so far this year. The largest was for an 88-unit seniors housing community in central Washington which closed this week. Owned by a regional operator based in Washington, this community consists of 36 independent living units that were built in 1987 but were non-operational at the time of the deal and 52 assisted living units built in 1997. Emerging from a pool of Pacific Northwest buyers was a single-asset owner/operator based in central Washington that paid $6.2 million, or $70,500 per unit and $114,000 per operational unit. That is a nice price for an... Read More »
The Fellowship Family Grows in Georgia
Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage facilitated the sale of LaGrange Heritage Senior Living, a 100-unit independent living, assisted living and memory care community in LaGrange, Georgia. Built in 2021 on 14.10 acres, the property is best in class within the local market. It is immediately adjacent to LaGrange Heritage, a Publix, Starbucks, Chick-fil-A and a new apartment complex recently opened in late 2023. That helps boost visibility to the community. The seller is a Georgia-based developer, and the buyer is The Fellowship Family and its institutional capital provider partner. The Fellowship Family intends to improve marketing efforts to boost... Read More »
Joint Venture Acquires High-Quality Asset Near Philly
Alex Florea, Steve Thomes, Kevin Lukehart and Kory Buzin of Blueprint were engaged by a national private equity investor in its divestment of a Class-A, newer-vintage seniors housing community in King of Prussia, Pennsylvania. Built in 2021, the high-rise community offers 190 independent living, assisted living and memory care units. Despite the modern physical plant and desirable sub-market, the community was not stabilized at the time of sale. That makes for an attractive turnaround opportunity that likely drew a healthy bidding environment. Blueprint targeted a subset of experienced and well capitalized investors, owner/operators and REITs and received multiple all-cash offers from a... Read More »Schedule a demo
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